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Commodity News Details
Gold slides over 1% as ceasefire uncertainty persists
01-Jun-2026 14:58
Gold futures fell more than 1% in Asia trading on Monday, with international prices slipping to around $4,529 per ounce as uncertainty surrounding US-Iran ceasefire negotiations weighed on sentiment. Investors remained cautious amid reports that key differences between Washington and Tehran remain unresolved despite ongoing discussions. Attention now shifts to the US monthly jobs report later this week, which could provide important clues on the strength of the labor market and the future path of Federal Reserve policy. On the domestic front, MCX August gold futures slipped below ₹1.60 lakh per 10 grams, while MCX July silver futures outperformed, rising 0.5% to around ₹2.68 lakh per kg. Silver continued to show resilience after outperforming gold through much of May.

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